Friday, February 16, 2007

Our industry is in terrible trouble, everybody seems to be suffering. This collaspe looks to be worse than 1998 to me, and that was a disaster! Lots of fingers pointing in every direction, but there's plenty of blame to go around. New Century and WMC I'm told could be the next to disappear, and Argent (if not purchased). Looks like no place is safe, except for maybe a small handful of the biggest players on the wholesale side. Gonna be a tough long week-end for a lot of people in the biz.

0 Comments:

Post a Comment

<< Home

sitemap